According to
Palestine Electric Company
PEC data for the first three months of the year, net profit reached 3,177,996
USD, compared with a net profit of 3,313,210
USD from the first three months of
2013, a net
decrease of 4.1%. Total assets of the company reached 109,771,475
USD as of March 31st,
2014, compared to total assets of 118,007,104
USD as of December 31st,
2013, a net
decrease of 7.0%. Total liabilities of the company reached 27,474,132
USD as of March 31st,
2014, compared to total liabilities of 38,887,757
USD as of December 31st,
2013, a net
decrease of 29.4%. Net ownership equity of the company reached 82,297,343
USD as of March 31st,
2014, compared with a net ownership equity of 79,119,347
USD as of December 31st,
2013, a net
increase of 4.0% in the first three months.